latest news releases from the newsroom
Horizon Offshore Inc.
Horizon Offshore Announces Completion of Recapitalization
HOUSTON, June 10, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (Pink Sheets:HOFF) announced today that the Company has completed the second step of its previously announced recapitalization plan consisting of a debt for equity exchange. Pursuant to the recapitalization letter agreement dated March 31, 2005, the Company's subordinated note holders have exchanged approximately $85.0 million aggregate principal amount of subordinated notes and all of the outstanding shares of the Company's Series A Redeemable Participating Preferred Stock for one million shares of a new series of Series B Mandatorily Convertible Redeemable Preferred Stock (the Series B Preferred Stock) and 60,000,015 shares of common stock. Accrued and unpaid interest of approximately $2.9 million on the subordinated notes outstanding prior to the exchange transaction was cancelled.
PETCO Animal Supplies, Inc. Investors Have Until June 17, 2005 to Seek Appointment as Lead Plaintiff -- PETCE
NEW YORK, June 10, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) reminds investors that June 17, 2005 is the deadline to seek appointment by the Court as lead plaintiff in the class action lawsuit against PETCO Animal Supplies, Inc. ("PETCO" or the "Company") (Nasdaq:PETCE). A lawsuit was filed against the company and three of the Company's senior officers, on behalf of all persons or entities who purchased the securities of PETCO from November 18, 2004 to April 14, 2005 (the "class period"). The case was filed in the United States District Court, Southern District of California. The lawsuit is seeking to pursue remedies under the Securities Exchange Act of 1934.
Beacon's 'Fixed Annuity Premium Study' Reports First Quarter's Best-Selling Products
EVANSTON, Ill., June 10, 2005 (PRIMEZONE) -- MasterDex, an Allianz Life (NYSE:AZ) indexed annuity, was first quarter's top-selling product in the Beacon Research Fixed Annuity Premium Study for the third consecutive period. Two book value products -- New York Life's LifeStages/MainStay Single Premium Fixed Annuity(a) and Allstate Financial's (NYSE:ALL) Preferred Performance -- were number two and three, respectively. Sun Life's (NYSE:SLF) Keyport Index Multipoint took fourth place, while the ING US (NYSE:ING) Secure Index annuity came in fifth. First quarter sales were reported for some 208 products by 47 participating insurance companies.
COMSYS Information Technology Services, Inc.
COMSYS' SAS Center of Excellence Celebrates 15th Anniversary
CHICAGO, June 10, 2005 (PRIMEZONE) -- COMSYS Information Technology Services, Inc., a leading provider of technology staffing services, is observing the 15-year anniversary of its SAS technology center this month. Located in Kalamazoo, Michigan, the SAS Center of Excellence has performed over 1.5 million hours of clinical and non-clinical project work for 225 clients, including some of the most well-known companies in the biopharmaceutical industry.
Stratus Services Group, Inc.
Stratus Services Group, Inc. Announces Recent Sale Of Six Northern California Offices; Amendment Of Outsourcing Agreement
MANALAPAN, N.J., June 10, 2005 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), announced today the sale of substantially all of the assets, excluding accounts receivable, of six of its Northern California offices to ALS, LLC. The offices sold were the following: Cotati, California, Fairfield, California, Hayward, California, Napa, California, Roseville, California and Sacramento, California.
Carsunlimited.Com, Inc. Announces Agreement to Acquire Innopump, Inc., a Privately Held Company
NEW YORK, June 10, 2005 (PRIMEZONE) -- Carsunlimited.Com, Inc. (OTCBB:CAUL) ("Cars") today announced that it has signed an agreement and plan of merger to acquire Innopump, Inc., a privately held company. Under the merger agreement, Innopump would be merged with and into a wholly owned subsidiary of Cars. Following the transaction, the sole business of Cars would be the operations of Innopump.
Ramp Announces Delisting Procedures to be Effected by the American Stock Exchange
NEW YORK, June 10, 2005 (PRIMEZONE) -- Ramp Corporation (AMEX:RCO) today announced that delisting procedures will be effected by the American Stock Exchange. On June 6, 2005, the American Stock Exchange notified the Company that, based on the Company's failure to comply with certain of AMEX's continued listing standards and AMEX's determination that the Company will be unable to regain compliance with AMEX listing standards, it will proceed with the filing of an application with the SEC to strike the common stock of the Company from listing and registration on AMEX. The Company does not intend to appeal this notice of delisting.
Dr. Rath Education Services USA, BV
New Research Indicates Essential Nutrients Can Inhibit the Spread of Deadly Pancreatic Cancer
SANTA CLARA, Calif., June 10, 2005 (PRIMEZONE) -- Innovative research conducted by scientists under the direction of Aleksandra Niedzwiecki, Ph.D. at the Dr. Rath Research Institute indicates that the spread of pancreatic cancer can be inhibited with a specific nutrient combination. The research findings, published in the latest issue of the International Journal of Gastrointestinal Cancer (2005, Volume 35:2; 97-102), further validate Dr. Matthias Rath's novel approach to controlling cancer metastasis with essential nutrients.